Go to Live Updates
Reliance Industries Quarterly Results Today Live Updates: With Q3FY25 earnings season already on and majors like Tata Consultancy Services (TCS) and HCL Tech already having released their quarter earnings report, Reliance Industries Ltd (RIL) will announce its results today (January 16).
Earlier on January 9, in a regulatory filing, RIL had said, “Please note that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, January 16, 2025, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter and nine months ended December 31, 2024. A presentation to the analysts and media on financial results of the Company for the quarter and nine months ended December 31, 2024 shall be made on the same day after the meeting.”
According to a CNBC-TV18 poll, RIL’s Reliance Retail is likely to post a nearly 2 per cent YoY increase in EBITDA to Rs 6,390 crore against Rs 6,271 crore in the preceding year. The retail revenues per square foot are anticipated to increase by 7 per cent.
Brokerage firms and analysts expect RIL to post a flattish YoY growth in earnings and EBITDA for Q3, with single-digit sequential growth. Morgan Stanley attributed this to the impact of telecom tariff hike and tightening global fuel markets. The retail segment is expected to post flat EBITDA growth, and sluggish demand and margins in the chemicals segment is expected to weigh on overall performance.
Bernstein, meanwhile, said that 2025 will be a recovery year for the company.
Reliance Industries Q3 Results Today Live Updates:
Live Updates 11:41 (IST) 16 Jan 2025 Reliance Industries Q3 Results, Earning Live Updates: Goldman Sachs’ projections on RIL
According to Goldman Sachs, RIL is estimated to report Q3 core EBITDA growth of 5 per cent QoQ, however, it will remain largely flat on YoY basis as telecom earnings growth is projected to be offset by weakness in energy and muted retail growth.
Read More
11:22 (IST) 16 Jan 2025 Reliance Industries Q3 Results, Earning Live Updates: Companies to announce Q3 results today
Companies including Reliance Industries, Infosys, LTIMindtree, Metro Brands,
» Read More
